Accounting For Dummies

By John A. Tracy

Book Overview

Whether you're a small business owner or just want to understand your 401(k) statements, a basic understanding of accounting practices is important for anyone who handles money. Knowing how to balance the books and stay in the black is vital for keeping a business afloat or keeping your checkbook balanced. If you need to keep the books in order, this new edition of Accounting For Dummies helps you get a handle on all those columns of numbers. It offers fully up-to-date coverage of accounting basics and includes all the tools and tips you need to: Make sense of bookkeeping basics Read a financial statement Manage budgets for a better bottom line Analyze business strengths and weaknesses Evaluate accounting methods and business structures John Tracy, Certified Public Accountant and former professor of accounting, presents everything you need to know to master modern accounting. Packed with practical guidance and real-world scenarios, this handy guide covers it all: Making and reporting profit Reporting a company's financial condition Preparing financial reports Budgeting profit and cash flow Choosing and implementing accounting methods How to read a financial report Audits, accounting fraud, and audit failure How to decipher accounting jargon And savvy ways businesses use accounting From balance sheets, to income statements, to inventory, almost every aspect of modern business requires basic accounting techniques. You'll learn it all here. Plus, this new edition covers the impact of the Sarbanes-Oxley Act of 2002, recent accounting fraud scandals, the establishment of the Public Company Accounting Oversight Board, and the new financial reporting standards for stock options and financial derivatives.

• Format: Paperback
• Language: English
• ISBN: 0764578367
• ISBN13: 9780764578366
• Release Date: December 2004
• Publisher: For Dummies
• Length: 386 Pages
• Weight: 1.39 lbs.
• Dimensions: 9.0" x 1.0" x 7.5"

Customer Reviews

Great book

this is a great book I have learned lots from this book thank you.

No good

I ordered this book on accounting to help me with my accounting class. It was absolutely no use. Everything that I looked up that I was doing an accounting class was not available in this book. I’ve come to the conclusion that the dummies series or not worth your time

Helpful Book!

Great book. It helped me understand accounting and it was easy to pick up the tricks and the trades of this course.

Very Good book for Financial and Mangerial Accounting

This is a great book for a person to use to suplment what is learned and practiced in Both entry level college accounting classes. It really will help you get a better grade in the class by reinforcing and explainations that are different then your typical college textbook. I highly reccomend this book for any college student that will be taking accounting, it is well worth it's price and I believe if read during the semester along with the practice in your class you will get a better grade. I did.

Not for you if your looking for a bookkeeping treatise.

This book is great (I mean great) if you need to understand what is profit, whats in a balance sheet, how to understand it, whats in an income statement. What are assets, etc, etc. This book will open your eyes. Like others have said its not about double entry bookkeeping, or how to prepare your balance sheet. Find that elsewhere. This book addresses what the numbers mean and how to follow them to come to conclusions and how to use that information.Let me put it this way. If you have a small business, or are put into a position where you need to manage money for a business, or need to buy a business. This book will help you if your not accountant savy.Its a great book, and is very well written. Another five star success for the dummies series.